Red River Credit Union Increases Short-Term CD Rates

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Deal Summary: 12-month CD (1.06% APY) and 18-month CD (1.06% APY), $500 minimum deposit.

Availability: 13 eastern Texas counties, 12 western Arkansas counties, five northwestern Mississippi counties, and two Louisiana parishes.

After maintaining the competitive rates on its long-term CDs for the last year, Texas-based Red River Credit Union (RRCU) recently raised the rates on its short-term CDs. Both 12-month CD and 18-month CD currently earn 1.06% APY, following significant increases of 25 and 20 bps, respectively. The minimum opening deposit is $500 for either CD, with no stated balance cap.

The 12-month and 18-month CDs are also available as IRA CDs (Traditional and Roth), earning the same APYs with the same deposit requirements.

CSR stated that the Early Withdrawal Penalty is 180 days of simple interest on the amount being withdrawn, with partial withdrawals permitted. Dividends can compound, be deposited into a savings account, or be mailed to the address on file.

As I mentioned above, the 36-, 48-, and 60-month CDs have remained competitive and deserve a mention.

Availability

Headquartered in Texarkana, Texas, Red River Credit Union’s field of membership (FOM) extends into four states. Individuals who live, work, worship, attend school, or volunteer in any the following counties or parishes are eligible for membership:

Texas: Bowie, Camp, Cass, Delta, Franklin, Harrison, Hopkins, Hunt, Lamar, Marion, Morris, Red River, and Titus.

Arkansas: Clark, Columbia, Hempstead, Hot Spring, Howard, Lafayette, Little River, Miller, Nevada, Pike, Sevier, and Union.

Mississippi: Bolivar (portions), Coahoma, Panola, Quitman, and Tallahatchi.

Louisiana: Bossier and Caddo Parishes.

Although not listed on the Become a Member page, the following appears on the first page of the online application:

I am employed by, worship at, or student of a business/organization in the following location:

Arcadia, LA; Bastrop, LA; Blanchard, LA; Bossier City, LA; Coushatta, LA; Crossett, AR; Delhi, LA; Downsville, LA; East Carroll Parish; Elm Grove, LA; Eudora, AR; Gilliam, LA; Grambling, LA; Homer, LA; Jamestown, LA; Kenner, LA; Lake Providence, LA; Madison Parish, LA; Mansfield, LA; Minden, LA; Mira, LA; Monroe, LA; Morehouse Parish; Plain Dealing, LA; Ruston, LA; Tallulah, LA; Vivian, LA; West Carroll Parish, and Winnsboro, LA.

Relatives of current RRCU members also qualify for membership. “A relative is defined as a spouse, child, sister, brother, grandparent, grandchild, step-relative, and adopted child.”

Joining RRCU can be done online, or at any of 16 Texas branches located in Atlanta, Clarksville, Marshall, New Boston, Paris, Sulphur Springs, Texarkana (9), and Wake Village, or five Arkansas branches located in Ashdown, De Queen, Hope, Nashville, and Texarkana.

There are also five Louisiana branches located in Bastrop and Shreveport (4), and two Mississippi branches located in Batesville and Clarksdale.

As stated on the Certificates page,

CONTACT US to open a certificate today.

Opening a Regular Savings account establishes a Red River CU membership. The minimum deposit includes a $5.00 membership fee and $5.00 minimum balance.

Red River CU has participated in the CO-OP ATM network for about a year, giving members access to fee-free ATMs in

all 50 states, 10 countries, and includes selected locations where members
may shop, like 7-Eleven, Circle K, Costco, Publix, Dunkin Donuts and Rite-Aid.

Credit Union Overview

Red River Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.64% (excellent) based on June 30, 2021 data. In the past year, RRCU has increased its total non-brokered deposits by $111.58 million, an excellent annual growth rate of 11.73%. Please refer to our financial overview of Red River Credit Union (NCUA Charter # 5029) for more details.

Founded in 1943 by a small group of the Red River Army Depot employees, Red River Credit Union is one of a handful of credit unions with an original FOM that extended across state lines. The City of Texarkana (home to Red River CU’s headquarters) straddles the Texas/Arkansas border. RRCU is currently the 24th largest credit union headquartered in Texas, with more than 119,000 members and assets in excess of $1.2 billion.

According to the Summer 2021 RRCU Chronicle, RRCU has added a new department: RRCU Express Central, which provides ITM (Information Transaction Machine) that offer face-to-face interaction with a live teller.

Our Express Central staff have decades of advanced product and service experience. Our Express Tellers are excited about this new [to us] technology and are working to ensure members have the best ITM experience possible.

Last quarter, RRCU began adding ITMs to select locations. Two ITMs are in the University Branch drive-thru and one is temporarily located in the Summerhill Branch lobby.

How the CDs Compare

As RRCU’s FOM extends into four states, a comparison to nationally available CDs is appropriate. When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Red River Credit Union's 12-month CD APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.06% APY12-Month CDRed River Credit Union
0.80% APY1-Year Fixed CDLafayette Federal Credit Union
0.75% APY1-Year CDLive Oak Bank

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Red River Credit Union's 18-month CD APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.06% APY18-Month CDRed River Credit Union
1.00% APY18-Month Certificate Special ($1k min)SkyOne Federal Credit Union
0.85% APY18-Month Certificate SpecialUSALLIANCE Financial
0.80% APY20-Month CD SpecialConsumers Credit Union (IL)

The above information and rates are accurate as of 10/7/2021.

To search for the best CD rates, both nationwide and state-specific, please refer to our CD Rates Table page.

Related Pages: Shreveport CD rates, Dallas CD rates, Monroe CD rates, Memphis CD rates, 1-year CD rates

Comments
Red River Credit Union Continues To Offer Competitive CD Rates
Deal Summary: 36-month CD (1.11% APY) and 48-month CD (1.16% APY), $500 minimum deposit.

Availability: 13 eastern Texas counties, 12 western Arkansas counties, five northwestern Mississippi counties, and two Louisiana parishes.

The CD rates offered by Texas-based Red River Credit Union (RRCU) have remained remarkably steady and competitive for about a year. Last month, I wrote about the 12-month CD (0.81% APY) and 60-month CD (1.31% APY), both of which have near-leading rates. The rates currently offered on the 36-month CD (1.11% APY) and 48-month CD...

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Red River Credit Union CDs Maintain Competitive Rates
Deal Summary: 12-month CD (0.81% APY) and 60-month CD (1.31% APY), $500 minimum deposit.

Availability: 13 eastern Texas counties, 12 western Arkansas counties, five northwestern Mississippi counties, and two Louisiana parishes.

I wrote about the short-term CDs offered by Texas-based Red River Credit Union (RRCU) about four months ago. Those rates have fared well, only dropping 10 bps, with the 12-month CD having a competitive 0.80% APY. At the other end of RRCU’s product line, the 60-month CD’s 1.31% APY has remained unchanged for about 11...

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Red River Credit Union Has Competitive 1-Year CD
Deal Summary: 12-month CD, 0.91% APY, $500 minimum deposit.

Availability: 13 eastern Texas counties, 12 western Arkansas counties, five northwestern Mississippi counties, and two Louisiana parishes.

Texas-based Red River Credit Union (RRCU) is currently offering 0.91% APY on its 12-month CD. The minimum opening deposit is $500, with no stated balance cap. The rates on RRCU CDs have remained unchanged in the past four or five months, which is certainly not the case for the majority of other CDs.

The 12-month CD is also available as...

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Red River Credit Union Offers Competitive CDs In Four States
Deal Summary: 18-month CD, 1.11% APY; 36-month CD, 1.21% APY; $500 minimum deposit.

Availability: Residents of 13 eastern Texas, 12 western Arkansas, and five northwestern Mississippi counties, and two Louisiana parishes.

Red River Credit Union (Red River CU) is featuring two competitive CDs: 18-month (1.11% APY) and 36-month CD (1.21% APY). The minimum opening deposit for either CD is $500, with no stated balance caps. The rates on these CDs have remained fairly constant in the past four months (dropping only 4-5 bps), which can’t be...

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Red River Credit Union (TX/AR/LA/MS) Adds 24-Month CD
Deal Summary: 24-month Summer Anniversary CD, 2.77% APY, $500 minimum deposit.

Availability: Residents of 13 eastern Texas, 11 western Arkansas, and three northwestern Mississippi counties, and Caddo Parish, Louisiana.

Red River Credit Union (Red River CU) is celebrating its 75th anniversary. While RRCU isn’t marking the occasion with the traditional gift of diamonds, it is offering a 24-month Summer Anniversary CD (2.77% APY). The minimum opening deposit is $500, with no stated balance cap.

The 24-month Summer Anniversary CD is also available as an IRA (Traditional and...

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